“The United States Is Already Mining” Bitcoin… “Maybe,” Says Compass Mining CEO

Does the Compass Mining CEO know something we don’t? Does The United States mine Bitcoin? Whit Gibbs was a guest in a recent episode of Anthony Pompliano’s “The Best Business Show” and spilled the beans… or did he? The host cleverly disguised his question by talking about other countries following El Salvador’s footsteps and starting mining Bitcoin. He mentioned Venezuela, as well as other countries that are not friendly to U.S. mining. Next, he asked the question, “What would it take for their nation to begin mining?”

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“The United States is already mining,” Gibbs answered. And then softened the blow with a “Maybe.” If true, this is huge. The implications of this are more. “They might have like 10 or 20 watts running somewhere in the midwest to test it out. Maybe. It’s hypothetically speaking. But, it’s a matter of national security.” Was that hypothetical? Oder was Compass Mining’s CEO providing inside information to us? That’s what we’ll try to figure out.

But first, here’s the video: 

What is The Compass Mining CEO Supposed to Know?

He knows that Bitcoin is among the most complex assets ever made. “When it comes to mining, when you’re talking about what Bitcoin is, whether it’s a store of value, it’s a medium of exchange. It’s the future financial instrument that many, many things are going to be built on top of. Nations would have to be absolutely out of their mind to not be getting some exposure to the underlying infrastructure which supports it.” 

So, it’s safe to say that the Compass Mining CEO is bullish on Bitcoin. Why do we think he might know something the rest of the world doesn’t, though? Gibbs continues, “So, the US I think is on the front foot. We’ve had a lot of conversations with the government in DC, state governments, to help educate them, but they are very forward-thinking when it comes to supporting this.”

So, does the Compass Mining CEO know something we don’t? Does The United States actually mine Bitcoins?

Gibbs adds that El Salvador shows the way to other countries that have historically been affected by the current system. They now know that being early to Bitcoin can make a huge impact and “get them there.”

BTCUSD price chart for 12/03/2021 - TradingView

BTC Price Chart for 12/03/2021 On FTX Source: BTC/USD at TradingView.com| Source: BTC/USD on TradingView.com

Others Countries Already Mining Bitcoin

Story Time with Pomp and Gibbs. The host notices when the guest has a certain skill and will try to teach him. Pompliano shared a story about how he learned that a Federal law enforcement agent was mining Bitcoin in 2012-2013. The rationale was that they couldn’t get a budget approved to buy Bitcoin at exchanges to fund black/ undercover operations. Instead, they used paper to obtain computers and began mining. They received Bitcoin that was not traceable and had no historical records. They used the Bitcoin to operate their operations.

Gibbs was next. “So, this is how you get in trouble,” the Compass Mining CEO answered. Cleverly, he switched the attention from the U.S.A to other countries. According to Gibbs, a North African that’s a hotspot for the United States is getting into Bitcoin Mining. These are happening at the president’s level.

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Additionally, he is a Latvian citizen. A very close neighbor of Latvia, “that may have stopped a plane no too long ago, to remove a journalist,” is already mining Bitcoin with nuclear power. The Compass Mining CEO closes his stellar presentation with, “I don’t believe that they’re mining Bitcoin to skirt sanctions. I believe that they’re mining Bitcoin because they see it as the future, and they want to boost their economy, they want to grow.”

It’s the future, and it is clear that many leaders around the world know this.  

Christopher Skor, Featured image on Unsplash Charts by TradingView

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